Yesterday, an analyst has provided a rating update for Home Capital (HCG). Analyst Nik Priebe from BMO Capital remains neutral on the stock and has a C$18 price target.
According to TipRanks.com, Priebe is ranked #3911 out of 5194 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Home Capital with a C$18 average price target, a 5.9% upside from current levels. In a report issued on February 7, Raymond James also downgraded the stock to Hold.
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Based on Home Capital’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$32.6 million. In comparison, last year the company had a net profit of C$30.62 million.
Home Capital Group, Inc. operates as an investment holding company which engages in the provision of financial services. It operates through its subsidiary Home Trust Co. and offers deposits, residential and non-residential mortgage lending and securitization of insured residential first mortgage products, consumer lending and deposit-taking services.
The company’s shares closed on Friday at C$16.99.
